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Seb-

Morning! Still waiting for an answer to my question from

a couple of weeks ago: Treasury 2.0 will allows other stable coins (USDT and USDC) deposits. What will the impact be on the treasury if these stable coins will lose there peg (something that happens recently with USDC)?

#coti #cryptocurrency #english
0

2 ответов

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Zippy Zoro-| Resolute Node

If I as a user deposit 1 mil in USDT and it goes to zero Coti isn't on the hook for that. The just give me back my coins and I take my now worthless tokens to an exchange. Bridging multiple tokens can have risks but the team use multiple Oracles. Treasury service should be fine. Only risk would be if team used those funds. They have stated multiple times that they don't do this and amount can be tracked onchain

0
01.04.2023
Yeu Sheng-Teo
Zippy Zoro | Resolute Node
If I as a user deposit 1 mil in USDT and it goes t...

Had this question always.. what is the rationale of having a big treasury but nothing is used for expansion or investment ? Not saying the latter is safe but how does that works to provide apy return for the treasury contributor?

0
02.04.2023

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